GMR Airports Infra to buy Fraport's 10% stake in DIAL

GMR Airports Infra plans to buy a 10% stake in Delhi International Airport from Fraport Airport for $126 million, boosting its ownership to 74%. The Airports Authority of India retains the remaining 26%. The transaction awaits approval and is expected to finalize within 180 days. Fraport has been a significant technical partner for GMR.

Sep 10, 2024 - 04:00
GMR Airports Infra to buy Fraport's 10% stake in DIAL

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GMR Airports Infra plans to buy a 10% stake in Delhi International Airport from Fraport Airport for $126 million, boosting its ownership to 74%. The Airports Authority of India retains the remaining 26%. The transaction awaits approval and is expected to finalize within 180 days. Fraport has been a significant technical partner for GMR.
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